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A warning by the ratings agency Fitch may cut the UK's AAA credit rating because of the country's economic problems. The treasury spokesman said that the government is on track to fix them, Reuters reports.

Ratings agency Moody's Investors Service stripped France of its prized triple-A credit rating on Tuesday, triggering worries the move could heighten the risk of a downgrade for other top-rated nations, including the United States and the single currency bloc's largest economy Germany.